US Lawmaker Urges SEC to Investigate 'Suspicious' Trades During Iran War

BlockBeats News, April 9th, a U.S. congressman said the U.S. Securities and Exchange Commission (SEC) should investigate the unusual trading activity in the oil and stock futures markets shortly before Trump delayed a military strike on Iran last month.

“The speed, scale, and structure of the trades are all highly suspicious,” said Congressman Ritchie Torres. “It is patently obvious that both the SEC and the Commodity Futures Trading Commission cannot turn a blind eye.” The Democratic lawmaker called on regulatory agencies to launch a formal investigation into the trading in the minutes before Trump's March 23rd post on the oil, energy, and stock futures markets and obtain trading records for accounts associated with these trades. (FX678)